Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          05-228-13-32  07-227104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
07-LA-14-65.7/69.0                    Federal Project:                                  
                                     ACST-P014(61)                                      
                             PHG-P014(61)                                               
                                                                                        
Progress payment No. 08            Payment period ending: 04-29-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         873,395.56      -18,316.00                      
2.a. Extra Work                          11,217.68        5,582.80                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          884,613.24      -12,733.20                      
5. Mobilization                          84,671.00            0.00                      
6. Total Work Completed      969,284.24                                                 
7. Deductions                            -6,050.00       39,250.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              963,234.24       26,516.80                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              26,516.80